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Investor Presentaiton

Kuwait Revenue Q1-22 693 14% yoy QAR mn Quarterly Trend (KD mn) Revenue EBITDA EBITDA Margin EBITDA +14% (+7) Q1-22 58 198 52 53 55 50 17% yoy QAR mn Mobile Fixed 39 3 +9% +23% KWD mn KWD mn . Wholesale Equipment -3% 15 +31% KWD mn KWD mn *Revenue breakdown is based on Ooredoo Group definitions ooredoo • 30% 31% 28% 27% 29% 14 16 17 15 16 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Strong growth yoy in revenue by 14% mainly driven by mobile voice and higher equipment sale in an overall improving economy EBITDA increased 17% driven by higher revenue and reduced cost Customer base reached 2.6 millions (+6% yoy) due to mobile business Revamped Ooredoo app used by more than 1.2 million customers • New commerce platform "WANNA" launched geared towards generation Z users • NMTC won the first (Jan 2022) and second degree (April 2022 Appeal Court) case about regulatory tariff levied on telecom operators. The claim amount is approx. QAR 528m, the case will still go to cassation court Ooredoo Q1 2022 Investor Presentation 28 April 2022 19
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